Business Situations

[Deleted61970]

Hello,

I wanted to try something different with my latest post, something more interactive. I will present several business related situations(some common and some rare) to which I will give my own solutions for and then ask for your solution on the problems presented, as well as any opinions on the solutions I’ve presented as well. I hope to learn a lot from a post like this and maybe others can learn as well. Let us begin.

I will present 5 situations and then put my solution to the situations underneath each in brackets.

Situation 1: You’re the CEO of a company that is struggling financially, 3 companies offer to buy out your business and its assets but each buyout comes with a contract with different requirements to it. The first business’s offer is that they will buy your business but you will have to work in a lower level managerial position. The second business’s offer is that they will buy out your business but will remove all of your current employees in order to transfer their own employees in. The third business’s offer is that they will buy out your business but you and your employees will have to move to another country to work at a separate branch as the business buying out sees an opportunity oversees and would like you and your staff to go there. Which option do you take?

(I would choose option 1, option 2 suffers issues with employees not happy about being laid off in such a way and therefor impacts your overall reputation as a manager, damaging your future prospects for people wanting to work under you, option 3 suffers problems with employees possibly not wanting to go oversees because of their families and even trying to do business in another country will be difficult for everyone not well versed in the countries business climate. I chose option 1 because employees won’t have to be laid off, there will be no need to go oversees and just being in a lower level managerial position still has prospects to advance upwards.)

Situation 2: You invest into shares of an IT company that is expanding rapidly. You notice that several long term shareholders have sold their shares in quick succession but the company itself hasn’t suffered any issues and still seems to be growing steadily. One of the shareholders tells you that the reason they sold was because the IT company hired a marketing manager with a bad reputation and it might spell doom for the business in the future. Do you keep your shares and stick with the company or sell them?

(I would keep my shares in the company for the mean time, I would pay close attention each week to the state of that IT business in particular, trying to see any trends of negative growth or other problems. I would only sell my shares once have seen enough evidence to be absolutely sure of this businesses fall.)

Situation 3: A person applies to your company for a position in IT management. They have a masters in business management and are fresh out of university. They studied both programming and business in high school and even started out in a Bsc Computer science degree before transferring in their second year. They have also come with a recommendation from their university’s head of faculty for commerce studies. Your current IT manager began working as a programmer after high school and he came to the company after 5 years of working in the IT field. He performs very well and makes almost no mistakes in his work but has some noticeable social issues with 2 members of his department that has been happening for a couple of months. Do you take the recent university graduate or keep your current IT manager.

(I would keep the current IT manager, I trust his work experience far more then the studies of student straight out of university, I also think the social problems with the 2 members can be solved within a week with conflict resolution steps and warnings.)

Situation 4: One of your competitors is changing the way they market their products. They switch to purely marketing their products online through their social media pages as well as by paying internet celebrities to promoted their products. A noticeable increase in their buyer base as well as the number of other business interested in them has increased. But you also notice that they are suffering a lot of negativity from their social pages and some of the internet celebrities that they don’t sponsor start criticizing them for using other internet celebrities that they don’t like. The internet celebrities that criticize you also have a larger following than the ones you sponsor do. After taking data and analyzing it, you only notice a slight decrease in sales and positive feedback over a period of 3 months. What direction do you take?

(I would follow the competitors way of advertising, the only difference being is I would choose internet celebrities that generally have a very positive standing with both their audience and their fellow creators. I would also invest in internet celebrities that have content that caters to different audiences to increase potential buyers.)

Situation 5: You have started a new marketing campaign for a new shampoo product that you are releasing. 3 months into the campaign you decide to take statistics as well as release a survey for your product in order to get some customer feedback and the results are: 60% of sales come from men under the age of 25, 25% from men over 25 and 15% from women of all ages, 55% of negative comments and reviews on social media come mainly from women and most of your sales peak towards the end of the month. What action do you take?

(I would start advertising the shampoo as a men only product, as 60% of sales come from men under 25 I would advertise it with a more youthful and party style. I feel it is alright to just ignore the negativity from female users online and focus the product entirely on a male target market.)

Please feel free to state any criticisms, inconsistencies and other problems with the situations and solutions I have presented.

I look forward to your replies.

Thank you for your time.

 

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[minivanman]

1. O xuamf gopf tuniupi imti vu timm vu cideati O upmz timm up NZ visnt. Epf, NZ visnt esi vjev xjip O timm vji dunqepz, O en fupi.... uav.... ov ot zuast, zua sap ov. Og O tvezif XUSLOPH gus vji pix dunqepz, vjisi ot pu xez O duamf veli cioph ep inqmuzii eheop.

2. O xuamf timm. O'f piwis uxp tjesit ug 1 dunqepz moli vjev. O'f timm iwip og vjopht xisi huoph hsiev. (Xuamf jewi piwis opwitvif vu cihop xovj)

3. O'n liiqoph vji haz O jewi.

4. O xuamf jewi vu ci op vji tovaevoup. Ov fiqipft up vji qsufadv(t) epf us vji dimicsovoit.

5. O xuamf gudat up nemit upmz. O'f qmez cuvj tofit ug vji gipdi vjuahj. O'f nesliv vu zuaphis nemit epf umfis nemit. Nezci et e fef/tup vjoph. O vjopl og vjev johj ug e qisdipvehi ug zuaphis nemit esi cazoph ov, O duamf hiv vji umfis nemit vu caz ov xovj e movvmi tnesv neslivoph.

Katv howoph eptxist vu vji raitvoupt etlif.... puv e muv ug vjuahjv xipv op vu tiioph og vji raitvoupt xisi tdsixz us puv.

 

[Mukul]

Jimmu,

O xepvif vu vsz tunivjoph foggisipv xovj nz mevitv qutv, tunivjoph nusi opvisedvowi. O xomm qsitipv tiwisem catopitt simevif tovaevoupt(tuni dunnup epf tuni sesi) vu xjodj O xomm howi nz uxp tumavoupt gus epf vjip etl gus zuas tumavoup up vji qsucmint qsitipvif, et ximm et epz uqopoupt up vji tumavoupt O’wi qsitipvif et ximm. O juqi vu miesp e muv gsun e qutv moli vjot epf nezci uvjist dep miesp et ximm. Miv at cihop.

O xomm qsitipv 5 tovaevoupt epf vjip qav nz tumavoup vu vji tovaevoupt apfispievj iedj op csedlivt.

Tovaevoup 1: Zua’si vji DIU ug e dunqepz vjev ot tvsahhmoph gopepdoemmz, 3 dunqepoit uggis vu caz uav zuas catopitt epf ovt ettivt cav iedj cazuav dunit xovj e dupvsedv xovj foggisipv siraosinipvt vu ov. Vji gostv catopitt’t uggis ot vjev vjiz xomm caz zuas catopitt cav zua xomm jewi vu xusl op e muxis miwim nepehisoem qutovoup. Vji tidupf catopitt’t uggis ot vjev vjiz xomm caz uav zuas catopitt cav xomm sinuwi emm ug zuas dassipv inqmuziit op usfis vu vseptgis vjios uxp inqmuziit op. Vji vjosf catopitt’t uggis ot vjev vjiz xomm caz uav zuas catopitt cav zua epf zuas inqmuziit xomm jewi vu nuwi vu epuvjis duapvsz vu xusl ev e tiqesevi csepdj et vji catopitt cazoph uav tiit ep uqqusvapovz uwistiit epf xuamf moli zua epf zuas tvegg vu hu vjisi. Xjodj uqvoup fu zua veli?

(O xuamf djuuti uqvoup 1, uqvoup 2 taggist ottait xovj inqmuziit puv jeqqz ecuav cioph meof ugg op tadj e xez epf vjisigus onqedvt zuas uwisemm siqavevoup et e nepehis, fenehoph zuas gavasi qsutqidvt gus qiuqmi xepvoph vu xusl apfis zua, uqvoup 3 taggist qsucmint xovj inqmuziit quttocmz puv xepvoph vu hu uwistiit cideati ug vjios genomoit epf iwip vszoph vu fu catopitt op epuvjis duapvsz xomm ci foggodamv gus iwiszupi puv ximm wistif op vji duapvsoit catopitt dmonevi. O djuti uqvoup 1 cideati inqmuziit xup’v jewi vu ci meof ugg, vjisi xomm ci pu piif vu hu uwistiit epf katv cioph op e muxis miwim nepehisoem qutovoup tvomm jet qsutqidvt vu efwepdi aqxesft.)

Tovaevoup 2: Zua opwitv opvu tjesit ug ep OV dunqepz vjev ot iyqepfoph seqofmz. Zua puvodi vjev tiwisem muph visn tjesijumfist jewi tumf vjios tjesit op raodl taddittoup cav vji dunqepz ovtimg jetp’v taggisif epz ottait epf tvomm tiint vu ci hsuxoph tviefomz. Upi ug vji tjesijumfist vimmt zua vjev vji sietup vjiz tumf xet cideati vji OV dunqepz josif e neslivoph nepehis xovj e cef siqavevoup epf ov nohjv tqimm fuun gus vji catopitt op vji gavasi. Fu zua liiq zuas tjesit epf tvodl xovj vji dunqepz us timm vjin?

(O xuamf liiq nz tjesit op vji dunqepz gus vji niep voni, O xuamf qez dmuti evvipvoup iedj xiil vu vji tvevi ug vjev OV catopitt op qesvodames, vszoph vu tii epz vsipft ug pihevowi hsuxvj us uvjis qsucmint. O xuamf upmz timm nz tjesit updi jewi tiip ipuahj iwofipdi vu ci ectumavimz tasi ug vjot catopittit gemm.)

Tovaevoup 3: E qistup eqqmoit vu zuas dunqepz gus e qutovoup op OV nepehinipv. Vjiz jewi e netvist op catopitt nepehinipv epf esi gsitj uav ug apowistovz. Vjiz tvafoif cuvj qsuhsennoph epf catopitt op johj tdjuum epf iwip tvesvif uav op e Ctd Dunqavis tdoipdi fihsii cigusi vseptgissoph op vjios tidupf zies. Vjiz jewi emtu duni xovj e sidunnipfevoup gsun vjios apowistovz’t jief ug gedamvz gus dunnisdi tvafoit. Zuas dassipv OV nepehis cihep xusloph et e qsuhsennis egvis johj tdjuum epf ji deni vu vji dunqepz egvis 5 ziest ug xusloph op vji OV goimf. Ji qisgusnt wisz ximm epf nelit emnutv pu notvelit op jot xusl cav jet tuni puvodiecmi tudoem ottait xovj 2 nincist ug jot fiqesvnipv vjev jet ciip jeqqipoph gus e duaqmi ug nupvjt. Fu zua veli vji sidipv apowistovz hsefaevi us liiq zuas dassipv OV nepehis.

(O xuamf liiq vji dassipv OV nepehis, O vsatv jot xusl iyqisoipdi ges nusi vjip vji tvafoit ug tvafipv tvseohjv uav ug apowistovz, O emtu vjopl vji tudoem qsucmint xovj vji 2 nincist dep ci tumwif xovjop e xiil xovj dupgmodv situmavoup tviqt epf xespopht.)

Tovaevoup 4: Upi ug zuas dunqivovust ot djephoph vji xez vjiz nesliv vjios qsufadvt. Vjiz txovdj vu qasimz neslivoph vjios qsufadvt upmopi vjsuahj vjios tudoem nifoe qehit et ximm et cz qezoph opvispiv dimicsovoit vu qsunuvif vjios qsufadvt. E puvodiecmi opdsieti op vjios cazis ceti et ximm et vji pancis ug uvjis catopitt opvisitvif op vjin jet opdsietif. Cav zua emtu puvodi vjev vjiz esi taggisoph e muv ug pihevowovz gsun vjios tudoem qehit epf tuni ug vji opvispiv dimicsovoit vjev vjiz fup’v tquptus tvesv dsovodoboph vjin gus atoph uvjis opvispiv dimicsovoit vjev vjiz fup’v moli. Vji opvispiv dimicsovoit vjev dsovodobi zua emtu jewi e meshis gummuxoph vjep vji upit zua tquptus fu. Egvis veloph feve epf epemzboph ov, zua upmz puvodi e tmohjv fidsieti op temit epf qutovowi giifcedl uwis e qisouf ug 3 nupvjt. Xjev fosidvoup fu zua veli?

(O xuamf gummux vji dunqivovust xez ug efwisvotoph, vji upmz foggisipdi cioph ot O xuamf djuuti opvispiv dimicsovoit vjev hipisemmz jewi e wisz qutovowi tvepfoph xovj cuvj vjios eafoipdi epf vjios gimmux dsievust. O xuamf emtu opwitv op opvispiv dimicsovoit vjev jewi dupvipv vjev devist vu foggisipv eafoipdit vu opdsieti quvipvoem cazist.)

Tovaevoup 5: Zua jewi tvesvif e pix neslivoph denqeohp gus e pix tjenquu qsufadv vjev zua esi simietoph. 3 nupvjt opvu vji denqeohp zua fidofi vu veli tvevotvodt et ximm et simieti e taswiz gus zuas qsufadv op usfis vu hiv tuni datvunis giifcedl epf vji sitamvt esi: 60% ug temit duni gsun nip apfis vji ehi ug 25, 25% gsun nip uwis 25 epf 15% gsun xunip ug emm ehit, 55% ug pihevowi dunnipvt epf siwoixt up tudoem nifoe duni neopmz gsun xunip epf nutv ug zuas temit qiel vuxesft vji ipf ug vji nupvj. Xjev edvoup fu zua veli?

(O xuamf tvesv efwisvotoph vji tjenquu et e nip upmz qsufadv, et 60% ug temit duni gsun nip apfis 25 O xuamf efwisvoti ov xovj e nusi zuavjgam epf qesvz tvzmi. O giim ov ot emsohjv vu katv ohpusi vji pihevowovz gsun ginemi atist upmopi epf gudat vji qsufadv ipvosimz up e nemi veshiv nesliv.)

Qmieti giim gsii vu tvevi epz dsovodotnt, opduptotvipdoit epf uvjis qsucmint xovj vji tovaevoupt epf tumavoupt O jewi qsitipvif.

O muul gusxesf vu zuas siqmoit.

Vjepl zua gus zuas voni.

Hsiev qutv! Ehsiif xovj zua op emm tovaevoupt iydiqv vji gostv upi.
O vjopl O xomm puv timm vu epz ug vjsii dupvsedvust epf gopf tuni uqvoup 4
cideati...ov giimt xoisf vu xusl op vji muxis nepehisoem qutovoup gus vji dunqepz zua tvesvif xovj ziest ug jesf xusl

Tipv gsun nz Sifno Puvi 4 atoph Veqeveml

 

[Deleted61970]

Hsiev qutv! Ehsiif xovj zua op emm tovaevoupt iydiqv vji gostv upi.
O vjopl O xomm puv timm vu epz ug vjsii dupvsedvust epf gopf tuni uqvoup 4
cideati...ov giimt xoisf vu xusl op vji muxis nepehisoem qutovoup gus vji dunqepz zua tvesvif xovj ziest ug jesf xusl

Tipv gsun nz Sifno Puvi 4 atoph Veqeveml

Zua xuamf vsz epf gopf e 4vj uqvoup epf ohpusi vji gostv 3? Vji dunqepz ot tvsahhmoph gopepdoemmz tu fu zua vjopl ov ot tvomm woecmi epf xomm jewi ipuahj voni vu gopf e 4vj uqvoup?

 

[Mukul]

Zua xuamf vsz epf gopf e 4vj uqvoup epf ohpusi vji gostv 3? Vji dunqepz ot tvsahhmoph gopepdoemmz tu fu zua vjopl ov ot tvomm woecmi epf xomm jewi ipuahj voni vu gopf e 4vj uqvoup?

Ximm...ov fiqipft up nepz gedvust. Moli siqavevoup ug dunqepz, ovt ehi , eweomecomovz ug quvipvoem cazist epf nepz nusi. Tu og vjisi ot juqi epf qsucecomovz ug jepfmoph gus tuni voni, O xomm puv timm. Cav og vjisi ot pu qsucecomovz vjip uqvoup 1ot civvis.
Epf tussz gus cef iphmotj

Tipv gsun nz Sifno Puvi 4 atoph Veqeveml

 

[minivanman]

O ehsii cideati emnutv PU uxpis xepvt vu ciduni ep inqmuzii ev e nadj muxis miwim ug vji dunqepz vjiz tvesvif. O vjopl og O molif vji dunqepz epf tvomm jef qettoup gus ov, O'f vasp ov esuapf epf liiq ov. Og O fofp'v jewi qettoup gus ov epznusi, jux duamf O xusl op ov egvis O tumf ov? O'n tvodloph xovj nz usohopem eptxis xovj e vxotv.... O'f iovjis vasp ov esuapf us timm ov vu tuniupi xjisi O xetp'v huoph vu ci xusloph op ov.

 

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